RE: Saying TDS is the GOP version of calling everything racist(nm)

Posted on: January 8, 2025 at 20:49:01 CT

Inflation is always and everywhere the result of government policies that increase the supply of money circulating in the economy faster than the productive sectors of the economy can expand their capacity to produce goods and services for purchase.

From day one, the Biden administration flooded the economy with borrowed money in the form of transfer payments, subsidies, and grants designed to purchase the political support of favored constituencies such as those in the green tech sector. At the same time, Biden-controlled federal agencies unleashed a tidal wave of crushing regulation designed to reduce the productive capacity of disfavored constituencies such as the oil and gas industry. The inflation that afflicts us was inevitable.

President Biden always asserted that fighting inflation was the “top economic priority” of his administration. Such a statement was laughable but the subject matter is very serious. This president had no intention of altering the policies that defined and drove the progressive agenda. There was no war on inflation or, indeed, any serious attempt to bring it under control and stabilize prices. Inflation was baked into the progressive model of government that depended on the continuing disbursement of borrowed money to political supporters.

Under Biden, the national debt increased well over a whopping $13 Trillion and now stands at over $34.6 Trillion. it will require much sacrifice, potentially disruptive sacrifice, to pay off or even materially to pay down the national debt. Biden and his cronies lacked the will and had no plan to deal with the national debt. thus Pickle and TigerMatt has inflation.